Common use of Fractional Shares of Common Stock Clause in Contracts

Fractional Shares of Common Stock. (a) The Company shall not issue fractions of Pre-Funded Warrants or distribute a Global Warrant or Warrant Certificates that evidence fractional Pre-Funded Warrants. Whenever any fractional Pre-Funded Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction either up or down to the nearest whole Pre-Funded Warrant. (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Pre-Funded Warrants or distribute stock certificates that evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Pre-Funded Warrant. (c) The Company shall provide the Warrant Agent an initial funding of one thousand dollars ($1000) for the purpose of issuing cash in lieu of fractional shares. From time to time thereafter, Computershare may request additional funding to cover payments of fractional shares. The Warrant Agent shall have no obligation to make payments of fractional shares unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.

Appears in 2 contracts

Samples: Warrant Agency Agreement (Ascent Solar Technologies, Inc.), Warrant Agency Agreement (Ascent Solar Technologies, Inc.)

AutoNDA by SimpleDocs

Fractional Shares of Common Stock. (a) The Company shall not issue fractions of Pre-Funded Common Warrants or distribute a Global Warrant or Warrant Certificates that evidence fractional Pre-Funded Common Warrants. Whenever any fractional Pre-Funded Common Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction either up or down to the nearest whole Pre-Funded Common Warrant. (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Pre-Funded Common Warrants or distribute stock certificates that evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Pre-Funded Common Warrant. (c) The Company shall provide the Warrant Agent an initial funding of one thousand dollars ($1000) for the purpose of issuing cash in lieu of fractional shares. From time to time thereafter, Computershare may request additional funding to cover payments of fractional shares. The Warrant Agent shall have no obligation to make payments of fractional shares unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.

Appears in 2 contracts

Samples: Warrant Agency Agreement (Ascent Solar Technologies, Inc.), Warrant Agency Agreement (Ascent Solar Technologies, Inc.)

Fractional Shares of Common Stock. (a) The Company shall not issue fractions of Pre-Funded Warrants or distribute a Global Warrant or Warrant Certificates that which evidence fractional Pre-Funded Warrants. Whenever any fractional Pre-Funded Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction either up or down to the nearest whole Pre-Funded WarrantWarrant (rounded down). (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Pre-Funded Warrants or distribute stock certificates that which evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v2(c)(iv) of the Pre-Funded Warrant. (c) Warrant Certificate. The Company shall provide the Warrant Agent an initial funding of one thousand dollars ($10001,000) for the purpose of issuing cash in lieu of fractional shares. From time to time thereafter, Computershare may request additional funding to cover payments of such fractional sharespayments. The Warrant Agent Computershare shall have no obligation to make such fractional payments of fractional shares unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.

Appears in 1 contract

Samples: Warrant Agency Agreement (Imperalis Holding Corp.)

Fractional Shares of Common Stock. (a) The Company shall not issue fractions of Pre-Funded Warrants or distribute a Global Warrant or Warrant Certificates that which evidence fractional Pre-Funded Warrants. Whenever any fractional Pre-Funded Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction either up or down to the nearest whole Pre-Funded WarrantWarrant (rounded down). (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Pre-Funded Warrants or distribute stock certificates that which evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Pre-Funded WarrantWarrant Certificate. (c) The Company shall provide the Warrant Agent an initial funding of one thousand dollars ($10001,000) for the purpose of issuing cash in lieu of fractional shares. From time to time thereafter, Computershare may request additional funding to cover payments of related to fractional shares. The Warrant Agent Computershare shall have no obligation to make such payments of fractional shares unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.

Appears in 1 contract

Samples: Warrant Agency Agreement (Lexaria Bioscience Corp.)

Fractional Shares of Common Stock. (a) The Company shall not issue fractions of Pre-Funded Warrants or distribute a Global Warrant or Warrant Certificates that which evidence fractional Pre-Funded Warrants. Whenever any fractional Pre-Funded Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding down of such fraction either up or down to the nearest whole Pre-Funded Warrant. (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Pre-Funded Warrants or distribute stock certificates that which evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v1(a)(iii) of the Pre-Funded WarrantWarrant Certificate. (c) The Company shall provide the Warrant Agent an initial funding of one thousand dollars ($10001,000) for the purpose of issuing cash in lieu of fractional sharesshares of Common Stock. From time to time thereafter, Computershare may request additional funding to cover additional cash payments with respect to fractional shares of fractional sharesCommon Stock. The Warrant Agent Computershare shall have no obligation to make payments of fractional shares such cash payment unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.

Appears in 1 contract

Samples: Warrant Agency Agreement (TheRealReal, Inc.)

AutoNDA by SimpleDocs

Fractional Shares of Common Stock. (a) The Company shall not issue fractions of Pre-Funded Warrants or distribute a Global Warrant or Warrant Certificates that which evidence fractional Pre-Funded Warrants. Whenever any fractional Pre-Funded Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction either up or down to the nearest whole Pre-Funded WarrantWarrant (rounded down). (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Pre-Funded Warrants or distribute stock certificates that which evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Pre-Funded Warrantterms of the Warrant Certificate. (c) The Company shall provide the Warrant Agent an initial funding of one thousand dollars ($10001,000) for the purpose of issuing cash in lieu of fractional shares. From time to time thereafter, Computershare may request additional funding to cover payments of related to fractional shares. The Warrant Agent Computershare shall have no obligation to make such payments of fractional shares unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.

Appears in 1 contract

Samples: Warrant Agency Agreement (Incannex Healthcare Inc.)

Fractional Shares of Common Stock. (a) The Company shall not issue fractions of Pre-Funded Warrants or distribute a Global Warrant or Warrant Certificates that which evidence fractional Pre-Funded Warrants. Whenever any fractional Pre-Funded Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction either up or down to the nearest whole Pre-Funded WarrantWarrant (rounded down). (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Pre-Funded Warrants or distribute stock certificates that which evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Pre-Funded WarrantWarrant Certificate. (c) The Company shall provide the Warrant Agent an initial funding of one thousand dollars ($10001,000) for the purpose of issuing cash in lieu of fractional sharesshares upon the exercise of Warrants. From time to time thereafter, Computershare may request additional funding to cover payments of such fractional sharespayments. The Warrant Agent Computershare shall have no obligation to make fractional payments of fractional shares unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.

Appears in 1 contract

Samples: Warrant Agency Agreement (Zosano Pharma Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!